GLOBAL OCEANS

EIN: 454801280 501(c)(3) Science & Technology

OLD WESTBURY, NY

Total Revenue
$2,030,000
Total Expenses
$91,413
Total Assets
$2,044,525
Net Assets
$1,934,503
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IL
Principal Officer
JAMES M COSTOPULOS
Phone
8473345028
Tax Period
2020-01-01 to 2020-12-31

GLOBAL OCEANS, founded in 2012, is a community nonprofit in the Science & Technology sector that reported $2.0M in total revenue in fiscal year 2020. Revenue surged 1077% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 95% operating margin.

Mission

TO CHARTER AND MOBILIZE OFFSHORE MARITIME SHIPS AND OTHER ASSETS FROM THE PRIVATE SECTOR ON BEHALF OF THE INTERNATIONAL OCEAN SCIENCE COMMUNITY FOR RESEARCH AND CAPACITY DEVELOPMENT AS AN OPERATIONAL INTERMEDIARY, AND TO DEVELOP COLLABORATIVE RESEARCH INITIATIVES THAT ARE UNIQUELY ENABLED BY THIS CAPACITY.

Program Service Accomplishments

Program 1
Expenses: $48,227 Revenue: $20,000

DEEP SEA RESEARCH PROGRAMPROGRAM PROJECT 1: THE GLOBAL SEAMOUNTS PROJECT WILL HOST A MULTI-YEAR SERIES OF GLOBAL RESEARCH EXPEDITIONS TO 20 OR MORE DEEP-SEA SEAMOUNTS TO CONDUCT INTENSIVE SCIENTIFIC...

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DEEP SEA RESEARCH PROGRAMPROGRAM PROJECT 1: THE GLOBAL SEAMOUNTS PROJECT WILL HOST A MULTI-YEAR SERIES OF GLOBAL RESEARCH EXPEDITIONS TO 20 OR MORE DEEP-SEA SEAMOUNTS TO CONDUCT INTENSIVE SCIENTIFIC SURVEYS OF THESE UNDERSEA ECOSYSTEMS. AGGREGATED DATA FROM THE SURVEYS WILL BE HOSTED IN THE CLOUD AND MADE ACCESSIBLE TO INTERNATIONAL TEAMS OF BIOPHYSICAL MODELERS. MULTIPLE ECOSYSTEM AND PHSYICAL MODELS WILL BE MODIFIED AND HOSTED BY THE PROJECT AND RUN AS A MODELING ENSEMBLE, WITH COMMON DATASETS FROM THE FIELD SURVEYS, FOR GENERATING A RANGE OF OUTPUTS INCLUDING FUTURE POTENTIAL ECOSYSTEM SCENARIOS, STANDARD METRICS, AND EMERGENT PROPERTIES ARISING FROM CLIMATE CHANGE AND HUMAN IMPACT. THE DEVELOPMENT OF THIS NEW INTEGRATED COMPUTATIONAL MODEL FOR COMPLEX ECOSYSTEM FUNCTION FOR SEAMOUNTS, POPULATED WITH NEW FIELD DATA, WILL UNIQUELY CONTRIBUTE TO THE ABILITY TO SUSTAINABLY MANAGE AND CONSERVE ONE OF THE LARGEST BIOMES IN THE OCEAN.PROGRAM PROJECT 2: ENGINEERING AND COST PROPOSALS FOR REBUILDING GLOBAL OCEANS' DEEP-SEA ROVS AND TOWED SENSOR VEHICLE ACQUIRED FROM OCEANEERING IN 2020 HAVE BEEN DEVELOPED THAT WILL RESULT IN A NEW SUITE OF DEDICATED SCIENTIFIC DEEP-SEA ROBOTIC VEHICLES. THE REBUILT VEHICLES AND OPERATING SUPPORT EQUIPMENT WILL EXPAND DEEP-SEA (6,000 METER) RESEARCH AND OBSERVATION CAPACITY. GLOBAL OCEANS WILL UTILIZE THESE SYSTEMS IN ITS PROGRAM PROJECTS AND WILL OFFER TO OPERATE THEM FOR THE SCIENTIFIC COMMUNITY AT LARGE FOR OTHER SCIENTIFIC RESEARCH PROJECTS.

Program 2
Expenses: $4,356

ARCTIC RESEARCH PROGRAMTHE SASX ARCTIC BASELINE PROJECT IS AN INITIATIVE UNDER DEVELOPMENT THAT PROPOSES TO CHARTER COMMERCIAL SECTOR ICEBREAKING VESSELS AND OTHER PLATFORMS, MOBILIZE THE VESSELS FOR...

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ARCTIC RESEARCH PROGRAMTHE SASX ARCTIC BASELINE PROJECT IS AN INITIATIVE UNDER DEVELOPMENT THAT PROPOSES TO CHARTER COMMERCIAL SECTOR ICEBREAKING VESSELS AND OTHER PLATFORMS, MOBILIZE THE VESSELS FOR SCIENTIFIC RESEARCH WITH MODULAR SCIENCE WORKSPACE SYSTEMS, AND TO HOST AN INTERNATIONALLY-SUPPORTED ANNUAL SERIES OF RESEARCH EXPEDITIONS OVER THE NEXT 10 YEARS. THE EXPEDITIONS ARE DESIGNED TO REPLICATE AND EXTEND ON A SEASONAL BASIS SELECTED CORE DATASETS OBTAINED FROM NATIONAL ICEBREAKING RESEARCH VESSELS PARTICIPATING IN THE RECENTLY COMPLETED, SINGLE-YEAR INTERNATIONAL SYNOPTIC ARCTIC SURVEY (SAS). SASX WILL ADD VALUE TO SAS OCEAN DATA BY ADDING A TIME-SERIES DIMENSION TO THE ONE-YEAR SAS "SNAPSHOT" OF ARCTIC CONDITIONS, TO CAPTURE ANNUAL CHANGE AT GREATER RESOLUTION, REFLECTING THE FACT THAT THE ARCTIC IS CHANGING MORE RAPIDLY THAN OTHER REGIONS ON EARTH. GLOBAL OCEANS' ABILITY TO CHARTER AND SCIENTIFICALLY MOBILIZE ICEBREAKING VESSELS ON A DEMAND BASIS FOR THE PROJECT ENABLES AN INTENSIVE ANNUAL CAPACITY TO EXTEND THESE DATASETS THAT WOULD BE DIFFICULT OR IMPOSSIBLE TO SCHEDULE WITH DEDICATED NATIONAL RESEARCH VESSELS.

Program 3
Expenses: $1,780

REGIONAL SCIENCE CONSORTIA PROGRAMGLOBAL OCEANS IS WORKING WITH SCIENTISTS AND INSTITUTIONS IN THE INDO-PACIFIC REGION, AND WITH INTERGOVERNMENTAL BODIES, TO DEVELOP EXPEDITION PROJECTS IN THE INDIAN...

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REGIONAL SCIENCE CONSORTIA PROGRAMGLOBAL OCEANS IS WORKING WITH SCIENTISTS AND INSTITUTIONS IN THE INDO-PACIFIC REGION, AND WITH INTERGOVERNMENTAL BODIES, TO DEVELOP EXPEDITION PROJECTS IN THE INDIAN OCEAN AND WIDER INDO-PACIFIC THAT WILL ENABLE COLLABORATION AND COST SHARING. PROGRAMS IN DEVELOPMENT INCLUDE AN ANNUAL INDIAN OCEAN TRASECT (AIOT) PROJECT THAT WILL EXPAND OCEANOGRAPHIC MEASUREMENTS IN THIS UNDERSTUDIED REGION. THIS PROJECT IS ALSO WORKING WITH THE IOC AND REGIONAL NATIONAL SCIENCE ORGANIZATIONS TO DEVELOP NEW HANDS-ON OCEANOGRAPHIC FIELD TRAINING CURRICULA FOR STUDENTS AND EARLY CAREER SCIENTISTS IN THE REGION THAT WILL BE HOSTED BY GLOBAL OCEANS ON AIOT EXPEDITIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $2,010,000
Program Service Revenue $20,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,030,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $56,090
Other Expenses $91,413
TOTAL EXPENSES $91,413

Year-over-Year Comparison

2020 2019 Change
Revenue $2,030,000 $172,420 +10.8%
Expenses $91,413 $125,610 -0.3%
Net Income $1,938,587 $46,810 +40.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES M COSTOPULOS PRESIDENT 40.00
Officer Director
$0 $0 $0
GEORGE P HICKEY SECRETARY 1.00
Officer Director
$0 $0 $0
DAWN J WRIGHT PHD DIRECTOR 1.00
Director
$0 $0 $0
PATRICK N HALPIN PHD DIRECTOR 1.00
Director
$0 $0 $0
SYLVIA A EARLE PHD DIRECTOR 1.00
Director
$0 $0 $0
GREGORY S STONE PHD DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER E TELESCA PHD DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $2,030,000 $91,413 $2,044,525 $1,938,587
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